The Taxation Laws (Amendment) Bill 2021 | End of the Retrospective Tax

The Taxation Laws (Amendment) Bill, 2021[1]was introduced in Lok Sabha on 5th August 2021 & passed on 6thAugust 2021. The bill proposed to amend the Income Tax Act, 1961 and the Finance Act of, 2012[2]which would scrap the consequences of the Retro Tax amendment which had been done after a supreme court judgment on 20th …

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